Schroders fixed income manager Gareth Isaac has left the asset manager.
Isaac worked in the global multi-sector team and manages or co-manages a number of bond funds at the asset manager, including the Schroder ISF Global Inflation Linked Bond fund, the Schroder Strategic Bond fund and the Schroders Absolute Return bond fund.
Schroders is looking for a replacement for Isaac, but will split his fund management responsibilities between the existing team, led by Paul Grainger, senior portfolio manager, and Bob Jolly, head of global macro strategy.
A statement from Schroders says: “Gareth Isaac is leaving Schroders’ Global Multi-Sector team to pursue opportunities outside the firm. Paul Grainger, senior portfolio manager with over 20 years of investment management experience will continue to lead the fund management function within the team.
“Alongside Paul and Bob will be experienced portfolio managers James Lindsay-Fynn, Thomas Sartain and Jamie Fairest, who are supported by 40 fixed income and quantitative analysts. We will look to further strengthen the team in due course.”
Isaac has been with Schroders for five years, joining from GLG Partners where he was a fixed income manager. He has previously worked at Societe Generale, Axa Investment Managers and Newton Asset Management.